Production of the Indian Head $10 Gold Coins resumed in 1920 after a brief hiatus from 1917 through 1919. The San Francisco mint struck 126,500 pieces, which is one of the lower single-year mintages in the series.
Indian Head $10 Gold Coins are quickly approaching 100 years of age. Due to this, many Indian Head $10 Gold Coins for sale on the open market may show age related distress. This comes as no surprise, however, as these coins were produced for circulation. There are, however, Indian Head $10 Gold Coins available in brilliant, uncirculated condition as well that are in mint-state condition.
For coins that are as old as the 1920 Indian Head $10 Gold Coin, the condition of the coin means everything to collectors. For this reason, you will see collectors carefully analyze every aspect of a coin looking to spot even the smallest signs of wear and tear. Having been on the open market for any number of decades, these coins have had ample opportunities to become damaged.
For most people, the best option is to have these coins sent away for grading at the hands of a professional company. This is not an option for everyone, and knowing this we have provided a listing of the different coin grades below.
Uncirculated: A coin that is graded as being Uncirculated is one that spent almost no time exchanging hands. Thanks to their being kept in a safe place, these coins will have avoided any and all damage. As such, these coins will look more like coins that have just been minted rather than coins that are more almost a century old.
Extremely Fine: A coin that is graded as being Extremely Fine is one that has spent a good bit of time in circulation, but has avoided almost all damage. Under close inspection, you will notice some light wear and tear, but not so much that the aesthetic qualities of the coin are detracted from. For collectors, these coins are great because they are affordable and still in great shape.
Fine: A coin that is determined to be of Fine grade is one that has spent a good bit of time being circulated and has also incurred a bit of damage. In most cases, the damage you find on the surfaces of the coin will typically come in the form of surface wear such that the coin’s faces will feel smooth to the touch.
Good: Good is the grade given to coins that have been circulated for extended periods of time and have been heavily damaged during that time. You will notice that the surfaces of the coin will have been completely smoothed such that the imagery and inscriptions may no longer be able to be made out with the naked eye. Though affordable, these pieces are generally in pretty poor shape.
Giving a coin like the Indian Head $10 Gold Coin an accurate valuation is no more difficult than assessing the coin’s condition. Naturally, collectors are willing to pay higher amounts for coins that have been well-preserved, but the 1920 is a bit of an upside exception in that its baseline prices, regardless of condition, are more than most other Indian Head $10 Gold Coin editions. The chart below will help you better understand how much you will be asked to pay for a Indian Head $10 Gold Coin of a given grade.
Indian Head $10 Gold Coin
|1920 Indian Head $10 Gold Coin (S)
|Source: Red Book